Chandrasekhar argues that the five years of the Modi-led
NDA regime was characterised not just by the consolidation
and advance of Hindutva forces but a growing nexus
between the state and big capital that intensified
the depredations of neoliberal capitalism, camouflaged
by diversionary measures like demonetisation.
article was originally published in the Frontline
Print edition: April 12, 2019.